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-   -   401K Vesting when employed twice @ same company (https://www.askmehelpdesk.com/showthread.php?t=131700)

  • Sep 20, 2007, 08:27 AM
    hrk58
    401K Vesting when employed twice @ same company
    I was employeed with a company from 1993-2000 and again from 2000-2003. Both times I participated in the 401K program, and left my money in the program. I recently received a statement indicating that I was only 60% vested. Shouldn't I be 100% vested since I have over 5 yrs total work tenure with the company?
  • Sep 20, 2007, 08:28 AM
    ScottGem
    Depends on the company rules for a break in service. Most companies have rules that govern whether a break in service will restart the vesting clock or not. Check with your Benefits Admin on that issue.
  • Sep 20, 2007, 08:41 AM
    Fr_Chuck
    Scott is correct, when you left the first time, the money you had was not vested and most companies I have worked for require continuious service for vesting. But it will be up to the rules of the exact plan.

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